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The latest update is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).
Viridis Mining and Minerals Limited has achieved a significant milestone for its Colossus Rare Earths Project in Brazil by securing a non-binding Letter of Support from Bpifrance, confirming eligibility for Strategic Projects Financing. This endorsement underscores the project’s global strategic importance and positions Viridis to progress through the final stages of financing, supported by government-backed partners and strategic investors. The company is advancing its due diligence and credit assessment processes, while also focusing on environmental permitting, drilling, and the development of a Rare Earth Research and Processing Centre. These efforts aim to maintain the project’s trajectory towards a Final Investment Decision by Q3 2026, enhancing its role in diversifying and strengthening Western rare earth supply chains.
The most recent analyst rating on (AU:VMM) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on Viridis Mining and Minerals Limited stock, see the AU:VMM Stock Forecast page.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining industry, focusing on the extraction and development of rare earth minerals. The company is engaged in projects that aim to strengthen the supply chain of critical minerals, with a significant focus on the Colossus Rare Earths Project in Brazil.
Average Trading Volume: 999,727
Technical Sentiment Signal: Buy
Current Market Cap: A$132.4M
For an in-depth examination of VMM stock, go to TipRanks’ Overview page.